Investor Presentaiton

OPERATING PERFORMANCE DEVELOPMENT ACROSS PRIVATE INVESTMENT STAGE PORTFOLIO COMPANIES RENEWABLE ENERGY KEY DRIVERS Resilient results despite the ongoing pandemic, as the revenue from the long-term PPAs increased by 37.0% y-o-y, while the revenue from the large industrial customers (Non-PPA) was up 43.7% y-o-y in 2Q21. A 49.5% y-o-y increase in the total generation levels in 2Q21, on the back of strong performance in all facilities. 2Q21 generation levels up 96.9%, 61.8% and 1.1%, y-o-y, in 20MW Hydrolea HPPS, 30MW Mestiachala HPPs and 21MW Qartli wind farm, respectively. GEL MILLION REVENUE DEVELOPMENT +13.5% 12 2 14 6 4 19 +8.2% 20 20 EBITDA DEVELOPMENT 3 +43.7% 6 4 +17.1% 11 10 GEORGIA CAPITAL +5.5% 15 14 +19.8% 6 8 12 15 2Q20 2Q21 1H20 1H21 2Q20 2Q21 1H20 1H21 PPA Non-PPA BI Reimbursement - Total revenue 39

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